{"id":8264,"date":"2023-01-12T17:15:31","date_gmt":"2023-01-12T16:15:31","guid":{"rendered":"https:\/\/hydrogencouncil.com\/?p=8264"},"modified":"2024-02-27T16:09:48","modified_gmt":"2024-02-27T15:09:48","slug":"hy24-partners-a-e2-billion-fund-to-deploy-critical-clean-hydrogen-infrastructures","status":"publish","type":"post","link":"https:\/\/hydrogencouncil.com\/ko\/hy24-partners-a-e2-billion-fund-to-deploy-critical-clean-hydrogen-infrastructures\/","title":{"rendered":"Hy24 Partners: \uc911\uc694\ud55c \uccad\uc815 \uc218\uc18c \uc778\ud504\ub77c\ub97c \ubc30\uce58\ud558\uae30 \uc704\ud55c 20\uc5b5 \uc720\ub85c\uc758 \uae30\uae08"},"content":{"rendered":"\t\t
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Hy24 Partners is a recently created joint-venture between <\/span>FiveT Hydrogen<\/span><\/a><\/span>, the clean hydrogen-enabling investment partner and investor member of the Hydrogen Council, and <\/span>Ardian<\/span><\/a><\/span>, the world-leading private investment house. Hy24\u2019s ambition is to contribute to the deployment of the hydrogen energy vector worldwide by investing in the whole clean hydrogen value chain, starting with one of the most challenging aspects for market scale up: infrastructure.<\/span><\/div><\/div>

Within this perspective, Hy24 launched and closed, within a one-year timeframe, \u2018The Clean H2 Infra Fund\u2019 \u2013 a \u20ac2 billion infrastructure fund dedicated to investment in critical infrastructures. The Fund will invest in everything from upstream projects like renewable and low-carbon hydrogen production, to downstream projects like captive fleet and refueling stations. The fund has a diversified portfolio across geographies (Europe, Americas and Asia). With this art. 9 SFDR[1]<\/span><\/sup><\/span><\/span><\/sup><\/a> regulated fund, Hy24 aims to mobilize up to \u20ac20 billion of investment capacity over the next six years using its unique blend of financial firepower \u2013 leveraging on debt, on subsidies and on co-investment \u2013 and sector know-how drawn from its major strategic investors and an experienced team with track record in those businesses. <\/span><\/p>

An unprecedented mix of leading industrial and financial investors<\/span><\/b><\/p>

The Fund\u2019s creation has been supported by the founding anchor investors: Air Liquide, VINCI Concessions, TotalEnergies, Plug Power, Chart Industries and Baker Hughes. It has then attracted more than 50 prominent investors from 13 countries in the Americas, Europe and Asia<\/span>, including major industrial companies, corporations, banks, pension funds and insurance companies. Industrial anchor investors include LOTTE Chemical, Airbus, and Snam, Enag\u00e1s, GRTgaz (together as one anchor partner), and CMA CGM Group. Financial anchor investors include AXA, Cr\u00e9dit Agricole Assurances, CCR, Allianz, CDPQ, JBIC and Border to Coast Pensions Partnership. Other key investors include ERAFP, Nuveen, Ballard, Schaeffler, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Assurances, Groupe ADP, EDF, Norinchukin, Caisse des d\u00e9p\u00f4ts, DBJ, Itochu, Groupama and BBVA. Most of these supportive industrial companies are members of the Hydrogen Council.<\/span><\/p>

This impressive group of industrial and financial leading investors provides Hy24 with a unique position within the ecosystem, especially knowing that 50% of the Fund\u2019s commitments are provided by industrial investors, which is not common for companies that are usually deploying their own hydrogen projects. <\/span><\/p>

Laurent Fayollas, Deputy Head Infrastructure<\/span> at Ardian, and <\/span>Hy24\u2019s President, commented: \u201cThe diversity of our investors and our ability to leverage Hy24\u2019s strong deal flow will put us in a unique position to help grow the clean hydrogen industry at scale into a decisive asset class.<\/span>\u201d<\/span><\/p>

From ambition to execution: The Fund\u2019s investments<\/span><\/b><\/p>

The capital raised through the Fund has already started to be deployed: The Fund has participated in the \u20ac110 million fundraising of <\/span>H2 MOBILITY Deutschland<\/span><\/a><\/span>, the operator of Europe\u2019s largest network of hydrogen stations. In addition, the Fund has participated in the \u20ac200 million financing round of <\/span>Hy2Gen<\/span><\/a><\/span>, an operator of production sites for decarbonized hydrogen and its derivatives with assets in France, Germany, Norway and Canada. The Fund has also acquired a 30% stake in <\/span>Enag\u00e1s Renovable<\/span><\/a><\/span>, a leading developer of renewable hydrogen projects, subsidiary of Enag\u00e1s, the Spanish Transmission System operator. <\/span><\/p>

Pierre-Etienne Franc, CEO of Hy24, said: \u201cAs a fund, our mandate is to deploy the capital raised over the next six years. We must deploy that money in large scale sustainable projects that have a positive impact on the environment and society, without compromising the economic performance expected by our investors. We are, thus, the best ally for the public policies that need to be deployed in the years to come.\u201d<\/span><\/span><\/p>

The hydrogen industry is experiencing unprecedented momentum, largely supported by public authorities who are setting up the legal framework of that nascent market. In the US, the Biden Administration signed in August the Inflation Reduction Act (IRA), providing a big boost to the clean hydrogen economy with a clear aim to compete with European packages and incentives. <\/span><\/p>

Pierre-Etienne Franc added: \u201cThe race is on. The situation is reinforced by the geopolitical context, as soaring energy prices are accelerating the need to produce low-carbon hydrogen.<\/span> Hy24 aims to capture that momentum and to work in cooperation with all the key players in that space to make the scale-up becoming not only a wish but a reality.”<\/span><\/p>

Learn more about Hy24 Partners: <\/span>https:\/\/www.hy24partners.com\/<\/span><\/a><\/span><\/p>